A tanker ship caught fire near the Strait of Hormuz after a strike by an unknown projectile, United Kingdom Maritime Trade Operations said on Monday. The tanker was 31 nautical miles (57.4 km) northwest of Dubai when the projectile hit the tanker on its starboard side, UKMTO said, citing a report at 2020 UTC from the vessel's company security officer. The crew was safe and accounted for and no environmental impact was reported, UKMTO said. Commercial vessels have come under attack from [Read more]
News
Lycos Energy Inc. Announces Closing of Business Combination with Mahikan Oil Corp. and Equity Financing
Calgary, Alberta--(Newsfile Corp. - March 30, 2026) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce the successful closing today of its previously announced strategic business combination with Mahikan Oil Corporation ("Mahikan") (the "Transaction") and fully-subscribed equity financing (the "Offering"). Closing of Strategic Business Combination Lycos has acquired all the issued and outstanding common shares of Mahikan in an all-share transaction. Under [Read more]
PrairieSky Royalty Announces Conference Call for Q1 2026 Results
CALGARY, Alberta, March 30, 2026 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky") will release its Q1 2026 results on Monday, April 20, 2026 after markets close. The news release detailing PrairieSky’s Q1 2026 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR+ at www.sedarplus.ca. A conference call to discuss the results will be [Read more]
B.C. union calls for full-time work-from-home due to spiking gas prices
BURNABY - The BC General Employees' Union is asking for provincially regulated employees to be allowed to work from home full-time due to high fuel prices. The union that represents 35,000 public service workers among more than 95,000 members says in a statement that the temporary allowance would "help alleviate" the burden facing members due to gas prices that have surged amid the Iran war. The union also says the province should look at ways to "provide temporary relief" for workers who must [Read more]
Exxon and QatarEnergy’s joint venture Golden Pass produces first LNG at new Texas facility
Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobil, has produced its first liquefied natural gas at its new facility in Texas, the company said on Monday, a major step toward bringing one of the largest U.S. export projects online. The plant is expected to export its first cargo in the second quarter, Exxon said on Monday. Global gas supplies have been squeezed as the war in the Middle East disrupted output in Qatar, one of the world’s biggest LNG suppliers. “Today, we [Read more]
Japan asks G7 to prepare more measures to stabilise energy markets
Japan called on the Group of Seven wealthy nations and the International Energy Agency to be ready to take further flexible measures to stabilise energy markets if the Iran war drags on, its industry minister said on Monday. Those actions could include additional coordinated oil stockpile releases at an appropriate time, Ryosei Akazawa told reporters after attending an online meeting with G7 finance ministers, energy ministers and central bank governors. "In Asia, soaring (energy) prices and [Read more]
Keyera says deal for Plains assets taking longer than expected
CALGARY - Keyera Corp. says its deal to buy the Canadian natural gas liquids business of U.S. firm Plains is taking longer than expected. The company says the deal continues to advance through the regulatory process, but it's no longer expected to close by around the end of the first quarter of this year. Keyera says it's now working toward closing the transaction in May, based on the current status of the regulatory process. Keyera chief executive Dean Setoguchi says the company [Read more]
Oil market well supplied, control of Hormuz to shift over time, Bessent says
U.S. Treasury Secretary Scott Bessent said on Monday that the global oil market is well supplied, with more boats traveling through the Strait of Hormuz. "Over time, the U.S. is going to retake control of the Straits and there will be freedom of navigation, whether it is through U.S. escorts or a multinational escort," Bessent said in an interview with Fox News Channel's "Fox & Friends." (Reporting by David Lawder, Susan Heavey, Doina Chiacu; Editing by David Ljunggren) [Read more]
March 25th Alberta Crown Land Sale totals $12.9 MM – StackDX Intel
The Alberta Government brought in $12.9 MM on its March 25th Crown land sale. In total, 29,435.76 hectares were sold at an average price of $438.67/ha. Click here to see the full land sale results on StackDX Intel (go to LAND –> Land results –> +). Click here for more details on the StackDX suite of software solutions for oil & gas data, including client testimonials and case studies. [Read more]
Keyera Provides Update on Timing of Acquisition of Plains’ Canadian NGL Business
CALGARY, AB, March 30, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") today provided an update on the expected timing surrounding its previously announced acquisition of Plains' Canadian natural gas liquids business. The Transaction continues to advance through the regulatory process, but the transaction is no longer expected to close by around the end of the first quarter of 2026 as previously anticipated. Based on the current status of the [Read more]
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